Beacon Roofing Supply (NASDAQ:BECN) had its price target decreased by stock analysts at Jefferies Financial Group from $34.00 to $30.00 in a report released on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential downside of 5.48% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Robert W. Baird lowered shares of Beacon Roofing Supply from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $37.00 in a research note on Tuesday, October 2nd. Longbow Research reissued a “buy” rating on shares of Beacon Roofing Supply in a research note on Monday, September 24th. Wedbush reissued an “outperform” rating and set a $50.00 price objective on shares of Beacon Roofing Supply in a research note on Thursday, August 23rd. William Blair lowered shares of Beacon Roofing Supply from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a research note on Monday, October 8th. Finally, Wells Fargo & Co lowered shares of Beacon Roofing Supply from a “market perform” rating to an “underperform” rating and set a $58.00 price objective on the stock. in a research note on Wednesday, August 8th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $41.80.

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NASDAQ:BECN traded up $3.68 during mid-day trading on Wednesday, hitting $31.74. 893,604 shares of the company’s stock were exchanged, compared to its average volume of 1,345,264. Beacon Roofing Supply has a one year low of $24.97 and a one year high of $66.47. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.07 and a quick ratio of 1.14. The firm has a market capitalization of $1.89 billion, a P/E ratio of 11.76, a PEG ratio of 0.38 and a beta of 1.44.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings data on Monday, November 19th. The company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.29). Beacon Roofing Supply had a return on equity of 11.32% and a net margin of 1.54%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $0.93 EPS. The company’s revenue was up 50.4% on a year-over-year basis. On average, equities research analysts expect that Beacon Roofing Supply will post 3.84 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Beacon Roofing Supply in the second quarter worth approximately $226,000. Cim Investment Mangement Inc. bought a new position in shares of Beacon Roofing Supply in the third quarter worth approximately $205,000. Eqis Capital Management Inc. bought a new position in shares of Beacon Roofing Supply in the second quarter worth approximately $261,000. CIBC World Markets Inc. bought a new position in shares of Beacon Roofing Supply in the second quarter worth approximately $277,000. Finally, Greenwood Capital Associates LLC boosted its position in shares of Beacon Roofing Supply by 32.4% in the second quarter. Greenwood Capital Associates LLC now owns 6,599 shares of the company’s stock worth $281,000 after purchasing an additional 1,613 shares during the period.